US stock market, the-most unpredictable place on planet earth, did the unexpected AGAIN.....
Last 5 days saw the biggest bull run for 2023 & maybe BEYOND.....
How good was the 5 day bull run, here is the stat for select Indices/ Sectors/ Stocks :
DOW UP 5.45%
S&P 500 UP 6.21%
QQQ UP 7.40%
Nasdaq UP 7.45%
Russell 2000 UP 7.93%
SOX UP 9.62%
ARKK UP 19.79%
AI UP 22.86%
PLTR UP 30.45%
SHOP UP 35.09%
ROKU UP 54.03%
These stats speeds UP our strategy for Investing $....
Technology investing has remained " extremely profitable "
Broader the base IS, narrower is our gain....DOW UP 5.45%
Narrower the base like single stock, higher is gain IF you chose the-best performing stock like ROKU which is UP whopping 54.03%
BUT IF you choose middle of the road like ARKK, your gain is still stunning 19.79%
Among the established sector SOX was the leader with a gain of 9.62%...pretty good for 5 days exposure
Investing / trading is all about knowing what could happen with patience / conviction....
US stock market always goes through roller coaster motion DOWN 5 days and then UP 5 days...IF you stay put with most profitable Ideas.....results could be " outstanding "
For my strategy / patience / conviction....results are more than satisfying :
Last week UP 28.69%
YTD UP 102.82%
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Last week: +11.96% (YTD: +66.37%)
Portfolio Leaders: PINS LYFT SNAP IONQ HIMS NVDA
Portfolio Laggards: TYGO
A spectacular rebound week for the indices propelled the portfolio forward mightily as well. It's times like these when we remember that inflection points happened so quickly, and if you are not positioned in advance, you can miss a huge chunk of gains. Earnings reports are finally being treated well instead of poorly, and I think with the Fed out of the way for now, the market can continue a grind higher into year end. Some more portfolio names are reporting this week, and I am hoping for more positive price action, and will try to keep the relatively strong names for the final 2-month run.
Holdings: LYFT(1.5x) PINS NVDA PLAY AGCO CVNA HIMS IONQ ZENV(0.6x) TYGO(0.5x), cash 0%
Stocktrader
Hi Saleem,
Also, incredible gains both this week and this year you have made!
Congratulations on perseverance and confidence in your strategies!
Stocktrader
Hi Stocktrader,
Thanks for your appreciative feedback.
As most traders know, Strategy, patience & conviction works out sooner or later.
We have almost 50 days left to focus & refocus for 2023 & look ahead to 2024...
Good luck to all of us for 2023 / 2024...
Saleem
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